Skip to content
Alternative financing is a lifeline for SMEs under lockdown
As the UK enters another lockdown, businesses around the country – especially small companies – are fighting for their survival. While COVID-19 rages, SME lending in the UK has tanked and liquidity has plummeted by 80% since the pandemic began. Government-led schemes including tax deferrals and government-backed loans have helped SMEs stay alive (some continuing […]
Fintech Unicorns Flywire And AvidXchange Are Planning To Go Public In 2021
As more people and businesses move transactions online during the pandemic, financial technology companies are reaping the benefits. On top of other expected IPOs in 2021 like Robinhood, Affirm and Marqeta, two more fintech unicorns are planning to go public, according to people familiar with the matter. AvidXchange, a Charlotte company that lets businesses pay their bills […]
The race to be China’s top fintech platform: Ant vs Tencent
As Ant Group seizes the world’s attention with its record initial public offering, which was abruptly called off by Beijing, investors and analysts are revisiting the fintech interests of Tencent, Ant’s arch rival in China. It’s somewhat complicated to do this, not least because they are sprawled across a number of Tencent properties and, unlike Ant, don’t go by a […]
Opening up the path less travelled from banking to fintech
Fintech has been part of financial services for several years, but it remains surprisingly rare to see employees of incumbent banks take prominent positions at fintech firms. This may be a path that is becoming more common, according to Matthew C. Meade, product management leader focused on fixed income pricing products at Bloomberg and author […]
Reuters Launches Reuters Next: An Agenda-Setting, Four-Day Summit for Global Leaders
Reuters today launched one of the biggest and most ambitious leadership summits in the world, bringing together 25,000 executives over four days to hear from leading names in business, finance, politics, tech and media on the most pressing issues of our age. Over four days in January, Reuters Next will deliver agenda-setting discussion around the […]
Sandboxes help fintech startups raise money
Entering regulatory sandboxes helps fintech startups raise capital, boosting financial innovation, suggests a BIS working paper.In 2015, the UK’s Financial Conduct Authority created a sandbox to give startups in the fast-growing fintech sector the chance to try out their products in a controlled testing environment. Five years on, around 50 countries have followed the UK’s […]
Emerging Payments Awards
Let’s face it, 2020 hasn’t exactly been the year we were expecting. But it isn’t all doom and gloom. Out of the chaos, some truly innovative projects and collaborations have been born. As evidenced by the quality of nominations the Emerging Payments Association received for this year’s Emerging Payments Awards. So with this year’s Christmas […]
London-based Purple Dot raises €1.49 million to disrupt the fashion industry with a new fintech approach
Purple Dot, the ‘worth-the-wait’ payment option for fashion brands, today announces its seed round of €1.49 million, led by Connect Ventures, with support from, AI Seed, Moxxie Ventures, Andy Chung and Philipp Moehring from AngelList, Vijay Pandurangan and Alex Roetter (both ex-Twitter) and the family office of Paul Forster, co-founder of Indeed.com. Founded in August […]
Fintech Startup Payer Launches Beta Test Program To Revolutionize Customer Registration In B2B E-Commerce
Payer Financial Services (Payer) has developed a new registration product that revolutionizes how customer relationships are made between companies online. The product enables e-commerce merchants to verify new customers as trustworthy so they can make their purchases with ease. Today, Payer launches a beta test program with several B2B merchants. The Swedish B2B payments startup Payer is […]
Britain’s fintech industry braces for a no-deal Brexit as transition deadline looms
LONDON — Financial technology start-ups in the U.K. are quietly rushing to get Brexit contingency plans in place as the prospect of crashing out of the European Union without a trade deal looks increasingly likely. Britain and the EU are yet to come up with a trade agreement ahead of a Dec. 31 deadline. The […]